236
236
Apr 17, 2012
04/12
by
CNBC
tv
eye 236
favorite 0
quote 0
the fed qe 3, that will destroy the dollar and gin up energy prices. but have you noticed that aaa prices of gasoline have stabilized? >> we very seldom get that before we kick off the driving season. and $30 billion consumer debt by the mild winter. >> so unfortunate. >> not ab offset. and johnny john, johnson & johnson missed on the consumer piece and part of that is crowding out -- >> i got a miss here because of warren buffett, let me apologize to all of you, approbbreviated. >>> obama calls for a crackdown on oil markets. investors are the new target of the president's very old blame game. and coming up later, my exclusive interview with mitt romney, all ahead, and don't forget free market capitalism is the best path to prices and the best path to prosperity. it's the best path to energy prices, free markets will set the price on "kudlow." we'll be right back. fiona here was just telling me that ford dealers sell a new tire like...every five seconds, how's that possible? well, we purchase 3 million a year. you just sold one right now didn't you? t
the fed qe 3, that will destroy the dollar and gin up energy prices. but have you noticed that aaa prices of gasoline have stabilized? >> we very seldom get that before we kick off the driving season. and $30 billion consumer debt by the mild winter. >> so unfortunate. >> not ab offset. and johnny john, johnson & johnson missed on the consumer piece and part of that is crowding out -- >> i got a miss here because of warren buffett, let me apologize to all of you,...
322
322
Feb 21, 2012
02/12
by
CNBC
tv
eye 322
favorite 0
quote 0
well, energy creates jobs. [announcer:] at conocophillips, we're helping power america's economy with cleaner, affordable natural gas. more jobs, less emissions. a good answer for everyone. we gotta be careful. it's cleaner. it's affordable. look, if it's safe, i'm there. [announcer:] conocophillips. one golden crown. come on frank how long have we known each other? go to e-trade. they got killer tools man. they'll help you nail a retirement plan that's fierce. two golden crowns. you realize the odds of winning are the same as being mauled by a polar bear and a regular bear in the same day? frank! oh wow, you didn't win? i wanna show you something... it's my shocked face. [ gasps ] ♪ [ male announcer ] get a retirement plan that works at e-trade. >>> if you're just waking up this morning we have a greek deal. the latest round of talks going more than 12 hours, finally the euro countries agreed early today to give athens $172 billion in additional bailout loans. the deal expected to bring greece's debt down to
well, energy creates jobs. [announcer:] at conocophillips, we're helping power america's economy with cleaner, affordable natural gas. more jobs, less emissions. a good answer for everyone. we gotta be careful. it's cleaner. it's affordable. look, if it's safe, i'm there. [announcer:] conocophillips. one golden crown. come on frank how long have we known each other? go to e-trade. they got killer tools man. they'll help you nail a retirement plan that's fierce. two golden crowns. you realize...
223
223
Jun 20, 2012
06/12
by
CNBC
tv
eye 223
favorite 0
quote 0
the energy policy is already the high oil prices are having their effect. it's the end of cheap oil. what we're seeing is we can develop oil all around the world because oil at 60, $70, $80 -- brent is what i'm talking about here -- will force deep water production. >> charlie monger and others have suggested we shouldn't worry about what's happening in saudi arabia as much as we should focus on our own natural resources. if that becomes the case where we're looking at all the natural gas we have and policy in washington decide we shouldn't be exporting, it we should be saving it for ours, what does that mean? >> that will mean lower gas prices here in the united states. but the problem will be, it will be lower than what you need to develop the gas. in a weird way, we won't have enough jobs because the price will be too low. it's really a strange -- >> what's the optimal price? >> well, look in australia. the price to develop lng in australia is $10. here the price is $2.50. the price of lng in the uk is $8. because it's oil-linkedin asia, the price is $16
the energy policy is already the high oil prices are having their effect. it's the end of cheap oil. what we're seeing is we can develop oil all around the world because oil at 60, $70, $80 -- brent is what i'm talking about here -- will force deep water production. >> charlie monger and others have suggested we shouldn't worry about what's happening in saudi arabia as much as we should focus on our own natural resources. if that becomes the case where we're looking at all the natural gas...
158
158
Jul 18, 2012
07/12
by
CNBC
tv
eye 158
favorite 0
quote 0
an the markets have been reacting to that in the energy complex, as well, simon. keeping a very close eye on that. keep in mind in a few minutes handing it over to "street signs" the beige book is out. the market parsing what the fed says about the districts around the country very closely and the fact that mr. bernanke's tell for two days has been less than bullish you might say on some parts of the u.s. economy. >> and the journal suggesting really good data now stopping qe. that's it for "power lunch." thank you for watching. >> "street signs" begins right now. >> all right. it is nearly 2:00 p.m. and second away from the fed's beige book. this is why
an the markets have been reacting to that in the energy complex, as well, simon. keeping a very close eye on that. keep in mind in a few minutes handing it over to "street signs" the beige book is out. the market parsing what the fed says about the districts around the country very closely and the fact that mr. bernanke's tell for two days has been less than bullish you might say on some parts of the u.s. economy. >> and the journal suggesting really good data now stopping qe....
79
79
Jul 18, 2012
07/12
by
CNBC
tv
eye 79
favorite 0
quote 0
price pressures, however, easing in most districts as energy costs decline. employment improvement described as tepid. again, back to the employment thing, finally, on the jobs picture contacts citing discall policy uncertainty and weak demand as reasons for a conservative approach to hiring. beige book in front of monetary policy making on july 31st. >> hampton, thank you for that. ben bernanke said in two day on capitol hill with regards to the unemployment situation, unemployment is largely cyclical but a risk the problem could be structural, as well. >> there's fear of retail sales lately. i was going through the summary of the beige book. retail sales increased slightly in all districts except boston and cleveland and new york and sales softened but car sales which we have talked about a lot, car sales higher in almost all the 12 fed districts. not a negative. maybe slightly positive beige book. >> auto sales is a bright spot and housing increasingly, as well. having a look at the data of today. meantime, what's happening with the markets. heerl's someth
price pressures, however, easing in most districts as energy costs decline. employment improvement described as tepid. again, back to the employment thing, finally, on the jobs picture contacts citing discall policy uncertainty and weak demand as reasons for a conservative approach to hiring. beige book in front of monetary policy making on july 31st. >> hampton, thank you for that. ben bernanke said in two day on capitol hill with regards to the unemployment situation, unemployment is...
216
216
May 24, 2012
05/12
by
CNBC
tv
eye 216
favorite 0
quote 0
he's the founder of the energy project and author of the way we're working isn't working. good morning to you. >> good morning. >> so you're on seven? >> seven. >> you've got the baby. five and a half? >> he was up a lot last night. >> are we doing okay if. >> no. >> how many hours did you get last night? >> i got seven and a half, which is incredibly low for me. >> so what do you think is the real number? we have people all the time who come on who say i only need five hours. >> the number of people who need five hours of sleep rounded to whole numbers is zero. we need between seven and eight depending on who you are. you are absolutely better off with eight and you're even better off, i believe, with more than eight. >> should we talk about napping? does that actually work? do you nap? >> if i can i do. >> does that work? >> absolutely. you shouldn't nap in a workday for longer than 30 minutes because you'll drop into a deeper stage of sleep and you'll find it more difficult to come out. if you do, you'll increase your cognitive capacity dramatically. >> you work with so
he's the founder of the energy project and author of the way we're working isn't working. good morning to you. >> good morning. >> so you're on seven? >> seven. >> you've got the baby. five and a half? >> he was up a lot last night. >> are we doing okay if. >> no. >> how many hours did you get last night? >> i got seven and a half, which is incredibly low for me. >> so what do you think is the real number? we have people all the time...
302
302
Nov 21, 2012
11/12
by
CNBC
tv
eye 302
favorite 0
quote 0
number two is uncertainty about the economy, number three is energy costs, number four is uncertainty about government policy. number five is the cost of useless regulations and red tape. six, seven, and eight are frequent changes in the tax code. tax code complexity, and taxes take away the money, my earnings that i use to grow my business. they're the issues that we're concerned about. >> bill, you said taxes are six, seven, and eight, so they're not in the one, two, or three category. which i might imagine given that's a huge issue going into 2013. >> well, it certainly is. and when we took the survey earlier this year, of course, maybe the fiscal cliff issue wasn't quite as big a point. right now -- yeah, this is a survey, the big one was 75 items, we only do once every five years and, of course, health care costs which is you could look at as a tax, if you will, is at the top of the list for the last 25 years, you have to go back to the early '80s to get interest costs up there. remember the 21% prime and the difficulty in getting credit back in those days. >> when's your next co
number two is uncertainty about the economy, number three is energy costs, number four is uncertainty about government policy. number five is the cost of useless regulations and red tape. six, seven, and eight are frequent changes in the tax code. tax code complexity, and taxes take away the money, my earnings that i use to grow my business. they're the issues that we're concerned about. >> bill, you said taxes are six, seven, and eight, so they're not in the one, two, or three category....
95
95
Jun 28, 2012
06/12
by
CNBC
tv
eye 95
favorite 0
quote 0
>> we're going to be energy independent. there's still a lot of great entrepreneurial spirit here. most of europe has just become an entitlement state. in britain in the summer, we have a great paper. we get letters every day from people complaining they're working for a low salary, keeping a family, having a very tough time, and living right next to people doing no work and getting more money. that's through europe. it's changing the psychology. so it's going to take a long time. >> finally, let me just return to the split itself. is your belief not only will the entertainment assets continue to grow -- as many expect, that will be the case, in fact, the fastest growing company in that universe -- but that you can actually have publishing grow? free cash flow, ebitda earnings are up? >> absolutely. we throw out plenty of cash in australia, and we're reorganizing. >> because australia is very challenging right now for your newspapers. >> we're making cash in britain, not as much as before, because "news of the world" is gone, we just started the "sunday sun," and we're just really
>> we're going to be energy independent. there's still a lot of great entrepreneurial spirit here. most of europe has just become an entitlement state. in britain in the summer, we have a great paper. we get letters every day from people complaining they're working for a low salary, keeping a family, having a very tough time, and living right next to people doing no work and getting more money. that's through europe. it's changing the psychology. so it's going to take a long time....
53
53
Nov 13, 2012
11/12
by
CNBC
tv
eye 53
favorite 0
quote 0
boone pickens owns 22% of cheap energy. by the way, the ceo will be on with "mad money" and jim cramer tonight, 6:00. >>> green briar companies, rail car and bargemaker that stock higher. carl eye can taking another shot, up veiling a 9.99% stake, paid about $40 million for 2.7 million shares. says they are undervalued, intends to discuss possible strategic opportunities, second time around, folks. back in feb of '08, bought a big stake in the company. by the way, the stock was $10 a share higher then. dick's sporting goods, better-than-expected earnings, rose 21%. raising the full-year forecast, host hotels hired, by the way, both at stocks higher year-to-date. al ber marrow companies, raising the ratings to buy from a neutral target raise from 67 to 62. says even with a flattish sales outlook, strength its catalyst and fine chemical business should puss up. albee natural, goldman raising the rating of f 5 to neutral, target inching up from 104. that stock has been a laggard. goldman sees three catalysts to help accelerate
boone pickens owns 22% of cheap energy. by the way, the ceo will be on with "mad money" and jim cramer tonight, 6:00. >>> green briar companies, rail car and bargemaker that stock higher. carl eye can taking another shot, up veiling a 9.99% stake, paid about $40 million for 2.7 million shares. says they are undervalued, intends to discuss possible strategic opportunities, second time around, folks. back in feb of '08, bought a big stake in the company. by the way, the stock...
285
285
Apr 6, 2012
04/12
by
CNBC
tv
eye 285
favorite 0
quote 0
energy, metals, u.s. equities and european equities are all closed. let's get a check, though, on u.s. equity futures. can you see not much. >> they're picking up the recycling, though. >> waiting for the jobs report. >> have to put the recycling out. government is not closed. i think. >> are banks open? >> maybe everybody was wrong on my block. >> don't you hate that? >> i think it's not a government holiday, right? >> the markets have decided to be closed for the most part minus the bond market and the currency market. the rest of the world is working. >> who picks up your trash? >> the post office is working today, i think. do you put it in a chute? >> you don't take out the trash in new york city. i'm just saying. it just occurred to me, right? you might step in dog crap if you walk outside. >> do you put it into a chute? >> we don't put it in a chute? >> no, we put it in a garbage can. >> and then they take it out. >> the rest of the country is watching saying i think those people in new york city are different. >> oh, they do know that. they do.
energy, metals, u.s. equities and european equities are all closed. let's get a check, though, on u.s. equity futures. can you see not much. >> they're picking up the recycling, though. >> waiting for the jobs report. >> have to put the recycling out. government is not closed. i think. >> are banks open? >> maybe everybody was wrong on my block. >> don't you hate that? >> i think it's not a government holiday, right? >> the markets have decided to...
319
319
May 29, 2012
05/12
by
CNBC
tv
eye 319
favorite 0
quote 0
and the company's energy policy. and in the next hour, the u.s. jobs picture as seen by the business round table president, john engler. plus we hand out a book club award to two of our favorite guests, jack and suzy welch. su. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. >>> welcome back. falling natural gas and crude prices could become a double whammy for energy prices. the president and ceo of devon energy, john, it's nice to have you on the show. >> nice to be h
and the company's energy policy. and in the next hour, the u.s. jobs picture as seen by the business round table president, john engler. plus we hand out a book club award to two of our favorite guests, jack and suzy welch. su. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things......
225
225
Jun 4, 2012
06/12
by
CNBC
tv
eye 225
favorite 0
quote 0
how about alternative energy? that's where we worry where the government may not be the best allocator of capital. >> i'm not making any blanket endorsement of anything. >> but that's what happens sometimes. >> well, sometimes it might. and sometimes very strong proposals that would make us better off are rejected because of gridlock and you have to find your way between these two -- >> couldn't we bank a bunch of -- >> i'm sorry. >> what if we didn't spend it. what if we just issued a lot of 30-year debt and didn't immediately blow it. >> you're a financial guy, joe. what sense would it make to issue 30-year debt at 2.5% and put the money in the bank at 0%? >> it just feels -- >> that wouldn't make any sense at all. >> i don't want to spend it on greece and the unions, for example. that's going to happen, too. it's going to be all union -- >> i don't think there's anybody who is advocating a program like the one you describe. you mentioned clean energy. >> yeah. or the bullet trains. is that what we want, larry?
how about alternative energy? that's where we worry where the government may not be the best allocator of capital. >> i'm not making any blanket endorsement of anything. >> but that's what happens sometimes. >> well, sometimes it might. and sometimes very strong proposals that would make us better off are rejected because of gridlock and you have to find your way between these two -- >> couldn't we bank a bunch of -- >> i'm sorry. >> what if we didn't spend...
358
358
Nov 15, 2012
11/12
by
CNBC
tv
eye 358
favorite 0
quote 0
strip out food and energy up 0.2. empire manufacturing down 5.22, that comes after an unrevised minus 6.16, but not as bad as minus 8 to 9 that we were looking for. jobless claims, oh my goodness can this be right? there may be some distortions, it walloped up to 439,000 from 361,000, so i am sure there's a story behind that, and continuing claims not to be outdone, had a market jumped, originally released and revised up to 3.16 and now they stand at 3.334 million. so these numbers obviously affected by something whether it's storms or whether it's other issues, we'll of course look towards some of the guidance that we get. if we look towards the market the guidance is the equities look like they'll come in lower for another day. we see interest rates, well, they're a smidge higher than the sub 60 level from yesterday and maybe the biggest story of the day today is recession in europe again? i don't know why that's a big story. the bigger story would be if there wasn't one. >> that is a great oint. we haven't talked a
strip out food and energy up 0.2. empire manufacturing down 5.22, that comes after an unrevised minus 6.16, but not as bad as minus 8 to 9 that we were looking for. jobless claims, oh my goodness can this be right? there may be some distortions, it walloped up to 439,000 from 361,000, so i am sure there's a story behind that, and continuing claims not to be outdone, had a market jumped, originally released and revised up to 3.16 and now they stand at 3.334 million. so these numbers obviously...
279
279
Mar 30, 2012
03/12
by
CNBC
tv
eye 279
favorite 0
quote 1
>> it's a matter of getting a clae view of what our energy strategy is. this has been a point of mine for a long time. the degrees of freedom are relatively narp owe been we need year going to need oil and gas for quite some time into the future. just getting clear on how much we want to produce versus how much do you want to import? and putting policy in place is what needs to happen. >> we know shell has said it would look at $3 billion to $5 billion to invest in the shale field. whichnd does that push up toward in terms of how much investment you'll be putting in? >> ilt not going to surprise you we're at the lower end of that investment level, at what we call dry gas reese sources. we're just producing natural gas, we're at the lower end. its prices start to shrink a bit. we have a port foalio now that can absorb $5 or $6 billion of investment. but the coral larry is we're also investing in those same-type drilling reservoirs but there are those that have more liquid than oil in them. it's part of the reason you're seeing an increase in oil production
>> it's a matter of getting a clae view of what our energy strategy is. this has been a point of mine for a long time. the degrees of freedom are relatively narp owe been we need year going to need oil and gas for quite some time into the future. just getting clear on how much we want to produce versus how much do you want to import? and putting policy in place is what needs to happen. >> we know shell has said it would look at $3 billion to $5 billion to invest in the shale field....
185
185
Jun 7, 2012
06/12
by
CNBC
tv
eye 185
favorite 0
quote 0
it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx. this is the next chapter for lexus. this is the pursuit of perfection. mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every piece of equipment knows where it is, how it's doing or where it goes next. ♪ this is the bell on the cat. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ >>> welco
it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again...
283
283
Jun 13, 2012
06/12
by
CNBC
tv
eye 283
favorite 0
quote 0
coming from energy and directly from the rebound and the dollar of late. year over year inflation, core, expend and energy 2.7 and retails tail .4%. take out autos and gas it's down 1%. so there is no good news bad news. i know that the kmoodity prices slash inflation equation is important but probably more important down the road for any sustainable inflation. commodity prices are down. that could never be a negative in my opinion. the retail sales position isn't bad. a base or so in treasuries. back to you. >> hey, rick, we've been watching what's been happening ands prices for spanish and italian, the bond market rach elling things up. in we're also looking at italy, the highest borrowing costs they'vein ten years in the last six months andgot us to talking about who is right here, is the stock market right, is the pocket? >> well, you know, i do pud some credibility into thence owing from a globally tied world but i think the effects can be money mied here or there. the issue -- i think various points equities will be somewhat positive. the kret it mar
coming from energy and directly from the rebound and the dollar of late. year over year inflation, core, expend and energy 2.7 and retails tail .4%. take out autos and gas it's down 1%. so there is no good news bad news. i know that the kmoodity prices slash inflation equation is important but probably more important down the road for any sustainable inflation. commodity prices are down. that could never be a negative in my opinion. the retail sales position isn't bad. a base or so in...
430
430
Apr 12, 2012
04/12
by
CNBC
tv
eye 430
favorite 0
quote 0
the international energy agency saying that the oil market could be turning a corner, the iea krirtding increased output from opec. monthly report suggesting the combination of the factors has led to a potential global building stocks of a million barrels during the last quarter. oil prices this morning if you take a look right now, there you have it. brent. are you focused on brent these days? >> no, but you know, what natural gas is below 2 bucks for the first time. like the lowest price it's ever been. >> and if we could all get natural gas. >> first time it's fallen below it $2 i take that back in over ten years. >> sos a you know, i went driving with joe yesterday. and the porsche. >> did you call it -- >> for sha oi >> porsche. >> would you like to fuel take with natural gas if you could? >> if i could. i don't have room for a very big tank anywhere as you saw yesterday. right? you got to put the tank -- it would be a 50 mile or 70 mile -- but then you don't run out. >> why not if you were here when santelli said this fascinating report -- >> natural gas car, easy to convert, it d
the international energy agency saying that the oil market could be turning a corner, the iea krirtding increased output from opec. monthly report suggesting the combination of the factors has led to a potential global building stocks of a million barrels during the last quarter. oil prices this morning if you take a look right now, there you have it. brent. are you focused on brent these days? >> no, but you know, what natural gas is below 2 bucks for the first time. like the lowest...
319
319
Sep 18, 2012
09/12
by
CNBC
tv
eye 319
favorite 0
quote 0
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> thanks for joining us this last hour, former executive vice president at new york fed now managing director of the daily coast. >> no, that's -- >> no, that's a different guy. >> that's a totally different thing, isn't it? >> totally.
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. a short word that's a tall order. up your game. up the ante. and if...
231
231
Jun 8, 2012
06/12
by
CNBC
tv
eye 231
favorite 0
quote 0
chesapeake energy meets with shareholders. can the company convince investors it's still a good investment despite reports its ceo is using chesapeake as a personal piggy bank? the final hour of "squawk" begins right now. ♪ >>> welcome back to "squawk box" here on cnbc, first in business world wide. i'm joe kernen along with becky quick and andrew ross sorkin. our guest host is byron wien. making headlines, mcdonald's, the dow component, could it hurt the averages if it were to open where it's indicating, after the company reported may sales numbers. >> will it hurt it? it was china and japan. >> u.s. was up 4.4%. >> asian pacific, middle east and africa was down 1.7%. positive results in australia but they were more than offset by negative results by japan and to the lesser extent china, which is going to make people start talking about the potential for slowdown in china -- we did with kfc's numbers they started getting concerned about. >> we get the china numbers this weekend. >> this weekend we'll have more information o
chesapeake energy meets with shareholders. can the company convince investors it's still a good investment despite reports its ceo is using chesapeake as a personal piggy bank? the final hour of "squawk" begins right now. ♪ >>> welcome back to "squawk box" here on cnbc, first in business world wide. i'm joe kernen along with becky quick and andrew ross sorkin. our guest host is byron wien. making headlines, mcdonald's, the dow component, could it hurt the averages...
488
488
Apr 26, 2012
04/12
by
CNBC
tv
eye 488
favorite 0
quote 0
so this is the kind of energy and if you want to talk about -- that's going to be a tough four years. are all these guys engineers? >> no but this is the payoff -- >> you can't say you need to be -- you can't legislate we need more engineers. if there's a light at the end for these guys, then you -- >> well, not you. you're the thinker. we need to do a lot to create more competitiveness in the sciences. >> there's a pretty good carrot are we are guys puerto rico sfwlp this tlp is but the reason we do these is because we're trying to create some really interesting change with that technology. that has always existed, existed in the 70s and the 80s. >> what's missing then? intereducational i don't think we needed the light at the end of the tunnel. i grew up in seattle and there was a lot of microsoft inflation. we have to make it cool, i guess. >> i think in silicon valley, it's just the level of access and the willingness to take risks. . there's just a certain willingness to and learn from mistakes and move on. >> you says you wouldn't sell out for the money but you might -- >> not o
so this is the kind of energy and if you want to talk about -- that's going to be a tough four years. are all these guys engineers? >> no but this is the payoff -- >> you can't say you need to be -- you can't legislate we need more engineers. if there's a light at the end for these guys, then you -- >> well, not you. you're the thinker. we need to do a lot to create more competitiveness in the sciences. >> there's a pretty good carrot are we are guys puerto rico sfwlp...
219
219
Mar 2, 2012
03/12
by
CNBC
tv
eye 219
favorite 0
quote 0
it's energy. that sector is doing so well and there are so many people who go to those states and work. they talk about a shortage of drivers and people in the industry. if it you're looking for a job, it's not hard to find one. they probably just draw a lot of people into that state to work. >> florida is still high, right? what's mississippi? you think of it as a poor state but they have a big offshore industry. >> they do so you don't see mississippi at the top. they tend to fall towards the top but they're not the headline. >> so i got an e-mail from a guy who owns a number of deny t dentistry -- >> oh, no. >> he thought this dentist indicator was it terrific. i was going to ask, is there another indicator ahead of f friday that you will bring us? >> i may. i'll see what i can do. >> thank you for being with us. >> thank you for having me. >> appreciate it. >>> joining us now from the cme, phil streibel. phillip, i thought that as i said it. am i right, if phil? >> you've got it. >> tell him i
it's energy. that sector is doing so well and there are so many people who go to those states and work. they talk about a shortage of drivers and people in the industry. if it you're looking for a job, it's not hard to find one. they probably just draw a lot of people into that state to work. >> florida is still high, right? what's mississippi? you think of it as a poor state but they have a big offshore industry. >> they do so you don't see mississippi at the top. they tend to fall...
447
447
May 11, 2012
05/12
by
CNBC
tv
eye 447
favorite 0
quote 1
if you strip out food and energy, supposed to be up by 0.2%. jim tisch, our guest host, thank you for that information. you have seen the futures down under a little bit of pressure, about 50 down for dow futures. you have to strip out where fair value would leave them. rick santelli joins us with those numbers. >> down 0.2. not what we expected. if you strip out food and energy, it is what we expected, up 0.2. and up 2 -- i'm sorry, i apologize. it's 2.7, we're expecting 2.8. so that's what in line. the headline number, including food and energy really is the number that the market's going to pay most atongue two. and you can see why that number moves the way it did. did it have a huge impact on the ek quits? >> as becky pointed out, we're down 5. we had 175.10. the dollar index, not much change and we'll continue to banter all day of course about the jpmorgan trade. a lot of people down here, the first word out of their mouth was feds. >> just if you supply easy money to the big boys, this is what happens, they put it to use. as your one gues
if you strip out food and energy, supposed to be up by 0.2%. jim tisch, our guest host, thank you for that information. you have seen the futures down under a little bit of pressure, about 50 down for dow futures. you have to strip out where fair value would leave them. rick santelli joins us with those numbers. >> down 0.2. not what we expected. if you strip out food and energy, it is what we expected, up 0.2. and up 2 -- i'm sorry, i apologize. it's 2.7, we're expecting 2.8. so that's...
256
256
May 9, 2012
05/12
by
CNBC
tv
eye 256
favorite 0
quote 0
independence and the ability to have lower energy to actually more broadly help improve the economy and put us on a competitive landscape of manufacturing back in the united states by having lower energy costs. i think the focus on this 20,000 jobs undercuts the importance of this project. >> this is why this project should be a no brainer. not only does it create jobs direct and indirect jobs it also reduces our reliance on oil, it's a national security issue, it reduces our reliance on countries that aren't quite to friendly to us whether it's venezuela or countries in the middle east. canada is our best friend. they want to export this oil to us. they don't necessarily want to send to it china but at some point they are going to say gosh the u.s. has been studying this for three years now. it's a privately built pipeline, $7 billion project. if the u.s. doesn't want it even though they get oil sands from other places in canada, even though we refine it in places like detroit and other places around the country, if they don't want it, we'll just build that pipeline to the west and
independence and the ability to have lower energy to actually more broadly help improve the economy and put us on a competitive landscape of manufacturing back in the united states by having lower energy costs. i think the focus on this 20,000 jobs undercuts the importance of this project. >> this is why this project should be a no brainer. not only does it create jobs direct and indirect jobs it also reduces our reliance on oil, it's a national security issue, it reduces our reliance on...
287
287
Mar 28, 2012
03/12
by
CNBC
tv
eye 287
favorite 0
quote 0
so now you're going to go to energy. there we're trying to centralize energy. we're trying to say we'll support this and we'll support that and not give leases and do other things. so you get this, it's basically a fundamental argument about central government control versus decentralization. that's what you're really arguing. you go to each of these three sectors that's the debate. that's why people -- the winning arguments are health care, as your poll said. and gasoline. >> i want to make one point which i recall the debate between mondale and reagan back in 1984. somebody said, the difference between republican and democrat, that was 5%. that's what the defense budget requested by reagan versus the one support by mondale. when you talk about central control you're talking about president obama has moved up government percentage gdp 25% up from the norm of 20% a portion of which is essentially some of the automatic stabilizers like unemployment insurance that will go away. so probably we're having a 3% debate. >> don't agree. >> is this really for the future
so now you're going to go to energy. there we're trying to centralize energy. we're trying to say we'll support this and we'll support that and not give leases and do other things. so you get this, it's basically a fundamental argument about central government control versus decentralization. that's what you're really arguing. you go to each of these three sectors that's the debate. that's why people -- the winning arguments are health care, as your poll said. and gasoline. >> i want to...
245
245
Jun 1, 2012
06/12
by
CNBC
tv
eye 245
favorite 0
quote 0
. >> i would slightly disagree with the fact a lot of people are looking for opportunities in the energy area now with the availability of gas at much lower prices that i think will not only help manufacturing and i think people are looking into making investments in petro chemicals because the cost of energy has come down so much, we're changing the way maybe we do transportation, long haul trucks and fleet trucks are switching over to natural gas. i think there is a willingness to make some of those investments. they may not be the very long term ones but if you invest in a new set of fleet trucks, if you're fedex or some company like that, that looks like a good investment right now. >> it's basically a one-shot effect -- >> we could use a one-shot effect right now. >> i know. it's essentially the fact that shale and gas has basically become a very critical issue and fracturing as a technology has made a huge respect with respect to oil. north dakota is unbelievable. there's a turn that's coming here and that the gas bonanza is basically a discount knewity. it's a big deal in pennsylv
. >> i would slightly disagree with the fact a lot of people are looking for opportunities in the energy area now with the availability of gas at much lower prices that i think will not only help manufacturing and i think people are looking into making investments in petro chemicals because the cost of energy has come down so much, we're changing the way maybe we do transportation, long haul trucks and fleet trucks are switching over to natural gas. i think there is a willingness to make...
313
313
Jul 23, 2012
07/12
by
CNBC
tv
eye 313
favorite 0
quote 0
energy dax down and ftse 100 not spared. if you want to know what's causing a lot of this action consider for example the hard line germany seems to be taking with greece saying i want doesn't apartment third bailout for the country it doesn't like the way things are going. you consider the case of greece and how poorly that effort has gone and think about what happens if spain is next in line you get a sense of why people are concerned. remember even if we have comments from spain's finance minister saying the country needs and trying to break the link between sovereign risk' banking riching, if the sovereign is the problem, if there's weak growth, if there's no funds to help rescue the country it doesn't matter what's happening separately with the banking system. clearly it does matter for shares of these companies down across the board, huge loss. take a look at uni credit down 7%. trade was suspended in some italian banks. paolo down and deutsche bank more than 5%. the french bank down more than 7%. quick look what's hap
energy dax down and ftse 100 not spared. if you want to know what's causing a lot of this action consider for example the hard line germany seems to be taking with greece saying i want doesn't apartment third bailout for the country it doesn't like the way things are going. you consider the case of greece and how poorly that effort has gone and think about what happens if spain is next in line you get a sense of why people are concerned. remember even if we have comments from spain's finance...
238
238
May 7, 2012
05/12
by
CNBC
tv
eye 238
favorite 0
quote 0
my energy level is 100%. i have no symptoms of any kind. nothing has changed. >> guys, this is your last chance to jump in with a last-minute question. i know we are just about out of time. >> i've got a question from doug kass. doug says that for many years, warren, you referred to henry singleton, founder of teledyne as one of the brightest ceos in america. he broke up the company to enable managements to focus on what they knew and put in an options program. doug asks, what's the rational for having this business as a diverse and unconnected as berkshire? have you thought hard about doing something like henry? >> henry did incredibly well. he repurchased an astounding purchase of his stock over the year. he ran the business well. after he did what you talked about, it didn't work so well. that was in his later years. apparently he wasn't functioning as well then. his record was made not by what you were talking about, but by the policies i advocate. >> i did mention and maybe you can mention that becky got a star on the hollywood walk of
my energy level is 100%. i have no symptoms of any kind. nothing has changed. >> guys, this is your last chance to jump in with a last-minute question. i know we are just about out of time. >> i've got a question from doug kass. doug says that for many years, warren, you referred to henry singleton, founder of teledyne as one of the brightest ceos in america. he broke up the company to enable managements to focus on what they knew and put in an options program. doug asks, what's the...
387
387
Apr 24, 2012
04/12
by
CNBC
tv
eye 387
favorite 0
quote 0
for example, energy prices. the fact that a lot of our information -- ilt got to be the translational equivalent of about $10 barrel per oil. how does that factor in some of these improved earnings? is it temporary? is it sustainable? those will be the rogers out there and that is a looming crisis with iran and how that might rattle the marketplace, what it would do, even the very talk of it and how he sees that playing out as we move toward november and beyond. >> well, governor, that's a good question. i think there are two giant possible exoj nous factors which could be very destabilizing, though i don't think they're very much in the market right now. one, as you say, is iran and god forbid, for example, that israel moves militarily on iran or otherwise the iranian situation blows up. and the other is an outright implosion in europe. i don't think either of those is, as i say, playing through the markets right now but they are big risks. >> okay. roger, i want to thank you very much for your time. i'm not su
for example, energy prices. the fact that a lot of our information -- ilt got to be the translational equivalent of about $10 barrel per oil. how does that factor in some of these improved earnings? is it temporary? is it sustainable? those will be the rogers out there and that is a looming crisis with iran and how that might rattle the marketplace, what it would do, even the very talk of it and how he sees that playing out as we move toward november and beyond. >> well, governor, that's...
266
266
Nov 14, 2012
11/12
by
CNBC
tv
eye 266
favorite 0
quote 0
manufacturing driven by very low energy prices. we're self-sufficient energy for the first time in years. another company like ppg, they really own the coatings business, about 70% of revenues from coatings, they're growing 4% to 6% organically and end the year with $2.5 billion in cash. they just sold their business, another $1 billion, that $3.5 billion in cash, 60% go to grow the business, 40% return to shareholders. you've got 5%, 6% top line, 10%, 12% net income growth with stock buy back and dividend going up 15% a year. you get 2% while you wait. if things -- if we don't do it on a fiscal cliff and things get worse, not going to get hurt. >> where did you buy comcast? >> comcast we've owned for a couple of years. that's another one that has morphed into a return of capital story. when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're try
manufacturing driven by very low energy prices. we're self-sufficient energy for the first time in years. another company like ppg, they really own the coatings business, about 70% of revenues from coatings, they're growing 4% to 6% organically and end the year with $2.5 billion in cash. they just sold their business, another $1 billion, that $3.5 billion in cash, 60% go to grow the business, 40% return to shareholders. you've got 5%, 6% top line, 10%, 12% net income growth with stock buy back...
228
228
Aug 15, 2012
08/12
by
CNBC
tv
eye 228
favorite 0
quote 0
if you look at year over year, food and energy up 2.1. both of those are a little moderate, too. empire, this isn't a july number, it's an august number, very fresh. down 5.85. so we see an easing up on the inflation front, we see a drift down on manufacturing, at least as evidenced by the new york region. so so we're going to concentrate on that. yields, we're over 175. there was something no one counted on, it was the premise don't worry about interest rates, the world's still mired in slow growth. 175 was some people's targ the beep know you certained that. i would have to say right around 177 to 182 is resistance and the 2% level. back to you guys. >> we were talking about that earlier, rick. it's a surprising number when it goes from 1.4 to 1.7. we're talking about 1.4 to 1.7. but it's significant on a percentage basis? >> i don't know if i'd say a percentage basis. i would almost look at it not that 1.7 is considered high but the notion that many of us, including myself, and i still think it's very possible that you could see a test of 1%. obviously it would be something mo
if you look at year over year, food and energy up 2.1. both of those are a little moderate, too. empire, this isn't a july number, it's an august number, very fresh. down 5.85. so we see an easing up on the inflation front, we see a drift down on manufacturing, at least as evidenced by the new york region. so so we're going to concentrate on that. yields, we're over 175. there was something no one counted on, it was the premise don't worry about interest rates, the world's still mired in slow...
249
249
Dec 12, 2012
12/12
by
CNBC
tv
eye 249
favorite 0
quote 0
we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, from places that want to kill us. and now, the lord looked down upon us and has given us another chance. let's use it. that chance is unbelievable. exxon, the united states, everyone says by 2025, we're going to be energy self-sufficient in coal -- i mean, oil and natural gas. that will make america more competitive. it will reduce the geopolitical pressure. reduce the deficit. the experts tell me that you can -- that fracking can be just -- it's been done, by the way, i'm told, for 30 years. it can be done safely and rationally. some of the deep wells in the gulf, and it's certainly safer than sending hundreds of thousands of kids overseas to fight wars. so this could be -- it's safer than what? like that oil pipeline would have been safe in the alternative. we need to have rational policy and do what's right for america. it can be done cleanly. >> would you prefer a carbon tax? >> i would be for eventually over time have a rational incr
we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, from places that want to kill us. and now, the lord looked down upon us and has given us another chance. let's use it. that chance is unbelievable. exxon, the united states, everyone says by 2025, we're going to be energy self-sufficient in coal -- i mean, oil and natural gas. that will make america more competitive. it will reduce the geopolitical pressure. reduce the deficit. the experts tell me that you can...
269
269
Nov 8, 2012
11/12
by
CNBC
tv
eye 269
favorite 0
quote 0
putting us in control of our energy future, now. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> the markets slide. the dow suffering its biggest one-day loss of the year, but can investors bounce back? we'll ask our guest hosts barry knapp and jason trennert. >>> the push to get a deal on debt before automatic cuts kick in the at the end of the year. >> there's not a thing a sane man would do. the doomsday machine is designed to trigger itself automatically. >> how we can rise above the partisan fighting and avoid the fiscal cliff. >> you can't fight in here. this is the war room. >>> breaking economic data. we're going to get international trade numbers and closely watched weekly jobless claims coming at 8:30 a.m. and highlights from ecb president draghi's news conference. the third hour of "squawk box" starts right now. >>> welcome back to "squawk box" here on cnb
putting us in control of our energy future, now. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> the markets slide. the dow suffering its biggest one-day loss of the year, but can investors bounce back? we'll ask our guest hosts barry knapp and jason trennert. >>> the push to get a deal on debt...
353
353
Sep 13, 2012
09/12
by
CNBC
tv
eye 353
favorite 0
quote 0
in the up .2, when you strip out food and energy makes total sense. the 382,000 on jobless comes from a revised 367. so we're up, what, 15,000. on jobless, i'll defer to steve. the people i'm talking to at this point in the game, i'm hearing anywhere between 350 and 400 just doesn't excite people anymore other thanks you know, trading a little bit on the machinations of how it moves. we're still left with a market that's hovering in the 170s on a ten-year. 290 on a third year. this is after we saw a little moderation. the dutch elections actually went right down kind of pro europe. so we're going to have to assimilate some of this new political information. back to you. >> all right, rick. stick around for a minute. steve, why don't you weigh in on this. the 382 for the weekly jobless claims, up 15,000, how does that go when it goes into the fed's machinations? >> i think the direction matters quite a bit. you know, we've been out from a bottom of 350. the range is 350 to 400. if we start to creep up, certainly you can expect no help from the jobless
in the up .2, when you strip out food and energy makes total sense. the 382,000 on jobless comes from a revised 367. so we're up, what, 15,000. on jobless, i'll defer to steve. the people i'm talking to at this point in the game, i'm hearing anywhere between 350 and 400 just doesn't excite people anymore other thanks you know, trading a little bit on the machinations of how it moves. we're still left with a market that's hovering in the 170s on a ten-year. 290 on a third year. this is after we...
392
392
Feb 2, 2012
02/12
by
CNBC
tv
eye 392
favorite 0
quote 0
. >> his energy. >> no, i want some of his sleep. if he's not going to use it, like that guy who wants to buy the internet, can i have some of your internet? let's check out the oil board which i sometimes look at why gases lean prices are not the going up. i think it might have something to do with natural gas. if natural gas really does represent with a you can buy energy for, oil is way too high. >> yesterday there were more than -- crude supplies were higher than expected. >> $96. let's look it at the ten year and we do have -- i will call it a treasury note here. 1.83% on the ten year which is maybe why the fed -- is it there because of the fed or is that a reflection of what the fed is dealing with? i don't know. chicken and egg again. would you do the chicken salad? were you here? >> he sent me a note about my clucking. >> you need to work on it? is. >> no, i thought it was -- >> he sent me a letter on stationary. >> should i could do my ernie anastos? keep plucking that chicken. keep plucking that -- see, i can do it. and the
. >> his energy. >> no, i want some of his sleep. if he's not going to use it, like that guy who wants to buy the internet, can i have some of your internet? let's check out the oil board which i sometimes look at why gases lean prices are not the going up. i think it might have something to do with natural gas. if natural gas really does represent with a you can buy energy for, oil is way too high. >> yesterday there were more than -- crude supplies were higher than expected....
208
208
Feb 29, 2012
02/12
by
CNBC
tv
eye 208
favorite 0
quote 0
the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ only hertz gives you a carfirmation. hey. this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. in the works package, we change the oil we change the
the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients'...
208
208
May 22, 2012
05/12
by
CNBC
tv
eye 208
favorite 0
quote 0
>> you know what charlie munger's take on energy independence is? >> no. >> it's one of the stupidest things he's ever heard, that we should use up all their gas and oil and they'll they'll have none and we'll have it all. >> it's like a friend that has an e.d. problem. are you sure it's a friend? >> who is that? why are you talking about yourself that way? >> are you sure that solyndra is not a more -- i mean, that's a better thing to teak a chance on, is it not, than these -- >> we have to let businesses take risks. >> oh, don't tell me what i want to hear! >> i think ultimately businesses have to take -- >> he wrote an op-ed today in the journal, i wrote -- >> there's a lot of different ways to see -- >> i wrote a column about jpmorgan today and said that glass-steagall would not change things. >> it won't. there's always going to be risk. >> the administration would make the argument without any embarrassment that solyndra is a much better thing to be risking money on than these ill-fated trades. >> i bess beth they would. >> as a matter of fact
>> you know what charlie munger's take on energy independence is? >> no. >> it's one of the stupidest things he's ever heard, that we should use up all their gas and oil and they'll they'll have none and we'll have it all. >> it's like a friend that has an e.d. problem. are you sure it's a friend? >> who is that? why are you talking about yourself that way? >> are you sure that solyndra is not a more -- i mean, that's a better thing to teak a chance on, is it...
257
257
May 8, 2012
05/12
by
CNBC
tv
eye 257
favorite 0
quote 0
the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ >>> futures are looking at a weaker open with the dow implied to the down side by about 60 points. making headlines, amc entertainment is reportedly in talks to sell the company or a significant stake in to one of china's largest theater owners. "new york times" cites amc has been owned since 2004 by an investment group apollo. >>> and to today's national forecast, jeff morrow joining us from the weather channel. >> good morning. yeah, we've got rain moving into the east. dry for the moment in new york, but that will change by this afternoon. some rain moving toward the east coast. we've got rain across the south land, dallas will have showers. they actually ne
the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ >>> futures are looking at a weaker open with the dow implied to the down side by about 60 points....
220
220
May 10, 2012
05/12
by
CNBC
tv
eye 220
favorite 0
quote 0
i'm sure there's a little energy figuring into that. if we look at the march trade balance, it's worse than expected, meaning a large ar negative number. it crossed back offer 50. 51.8 is the deficit. at one point when it wasn't a deficit, it was called the trade balance. what is the aftermath in the marketplace? really not much. equities are higher, which is a bit unusual over the last week. interest rates are a bit higher, also unusual. we auctioned off a new number yesterday, about three basis points. that actually added to the level of the interest rate, pushing it closer, very close to 1.90. >> steve, i'm trying to give you the numbers i know you're looking at. the trade deficit widened on oil. >> i think a lot of it is going to be oil but i'm interested in the non-oil portion. >> let's get to steve, who if you're not going to get any of the stuff i say to you, i'm not going to do it anymore. >> i know, i missed that. >> i said i've been evolving on calling you chief economist. >> i was overly concerned with my report. >> you were,
i'm sure there's a little energy figuring into that. if we look at the march trade balance, it's worse than expected, meaning a large ar negative number. it crossed back offer 50. 51.8 is the deficit. at one point when it wasn't a deficit, it was called the trade balance. what is the aftermath in the marketplace? really not much. equities are higher, which is a bit unusual over the last week. interest rates are a bit higher, also unusual. we auctioned off a new number yesterday, about three...
206
206
Nov 23, 2012
11/12
by
CNBC
tv
eye 206
favorite 0
quote 0
nymex energy closes at 1:30 p.m. and of course it may be a shortened day for the traders, but it is the most important day of the year for retailers. everything from how many cars are parked at the malls to how many items are sold at stores. it can all tell us a lot about the state of the consumer and the u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebrat
nymex energy closes at 1:30 p.m. and of course it may be a shortened day for the traders, but it is the most important day of the year for retailers. everything from how many cars are parked at the malls to how many items are sold at stores. it can all tell us a lot about the state of the consumer and the u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll...
247
247
Feb 24, 2012
02/12
by
CNBC
tv
eye 247
favorite 0
quote 0
it was all about clean energy. natural gas i think the administration is very interested and focused on this job creation impact, something like 600,000 jobs created in the last few years. and even there's a kind of positive noise about the fact that one of the brightest spots in the whole world of oil situation is that our own oil production is going up. >> but you look at keystone, and how do you square that circle? >> well, i don't think it's a -- this is not a full circle. keystone was responding to other pressures. keystone's very significant, through-put in the keystone is equivalent to a third of iran's total exports, so it's a mixed picture. but i think if you stay along the spectrum, there's definitely been a move from where it was a year or two ago. >> dan, at some point they would have to give the okay or implicit approval to building new infrastructure for hydrocarbons and his base doesn't want to do that. i mean, that will be an affront to the base, because they don't think -- they don't think there's
it was all about clean energy. natural gas i think the administration is very interested and focused on this job creation impact, something like 600,000 jobs created in the last few years. and even there's a kind of positive noise about the fact that one of the brightest spots in the whole world of oil situation is that our own oil production is going up. >> but you look at keystone, and how do you square that circle? >> well, i don't think it's a -- this is not a full circle....
221
221
Mar 1, 2012
03/12
by
CNBC
tv
eye 221
favorite 0
quote 0
domestic, abundant, clean energy to power our lives... that's smarter power today. ♪ >>> russia might seem like an unstable to invest unless you consider the rest of europe struggling with its own debt crisis but investor confidence in russia recently waned thanks to political uncertainty. steve liesman is in moscow ahead of this week's presidential elections, where vladimir putin is expected to take back the presidency. >> reporter: protesters in the streets, a level of government corruption even the president has said is out of control. but still, despite troubles as deep and severe as its winters, russia's overall economic position looks better than developed european nations teetering on the verge of recession. russia just completed two back-to-back years of growth above 4%. its 6% unemployment rate is among the lowest on the concontinent and 4% inflation rate is a fraction of the hyperinflation that plagued the country in the '90s. with economic results like that, russia's powerful leader vladimir putin is expected to win back the
domestic, abundant, clean energy to power our lives... that's smarter power today. ♪ >>> russia might seem like an unstable to invest unless you consider the rest of europe struggling with its own debt crisis but investor confidence in russia recently waned thanks to political uncertainty. steve liesman is in moscow ahead of this week's presidential elections, where vladimir putin is expected to take back the presidency. >> reporter: protesters in the streets, a level of...
228
228
Nov 1, 2012
11/12
by
CNBC
tv
eye 228
favorite 0
quote 0
intensity, and energy intensity is just another way of saying how much energy do you use for a given output of gdp so obviously that is not the same as a hard cap on carbon. but they are very aware of the need for a hard cap on carbon. i think they're going to start at 30%, going to move to 50% of the population in china by 2015, three years away. they are ahead of us and taking this seriously. >> tom, given where we are in the economy, tepid recovery at best, would you advocate for a carbon tax now? >> you know, i believe, i talked to a lot of people about the different ways to approach this, and that happens to be the one that is the flavor du jour. what i believe is that if we give people a direct organization of society, that's a bad phrase, if we give them, government's job is to describe what's important and if we describe the parameters for our economy, which is what the government's supposed to do, i believe the private sector will turn this inside out, will come up with stuff none of us have ever thought of and will make amazing things happen and be good for our economy. >>
intensity, and energy intensity is just another way of saying how much energy do you use for a given output of gdp so obviously that is not the same as a hard cap on carbon. but they are very aware of the need for a hard cap on carbon. i think they're going to start at 30%, going to move to 50% of the population in china by 2015, three years away. they are ahead of us and taking this seriously. >> tom, given where we are in the economy, tepid recovery at best, would you advocate for a...
520
520
Feb 17, 2012
02/12
by
CNBC
tv
eye 520
favorite 0
quote 0
if the economy is growing then people will be able to deal with the energy prices. if it's not, they won't. it's a simultaneous thing. it's a chicken and egg thing. the chicken and feed thing. the feed is too expensive, the chicken isn't big. >> someone wrote in and said becky is wrong about this, the chicken and egg. >> experts wrote in and said i was right including senator rob portman who took my side. >> we know the egg was first. >> we don't. >> it came from a dinosaur and turned into a chicken. >> i didn't know we would talk about the dyno/chick theory or i would have done more research on this. >> bob, thanks for getting up early with us. >> we have a thing now, it's fun. it started with the ties, and you did that on purpose, right? >> see, my wife made me wear th this. she wanted me to wear a tie you couldn't make fun of so i'm wearing this tie instead of the one i picked out. >> say hi to her. >> she said, do you really want to wear that tie. here we are talking about my tie. >> but you do like to get comments about your ugly ties. you do it for a reason. >
if the economy is growing then people will be able to deal with the energy prices. if it's not, they won't. it's a simultaneous thing. it's a chicken and egg thing. the chicken and feed thing. the feed is too expensive, the chicken isn't big. >> someone wrote in and said becky is wrong about this, the chicken and egg. >> experts wrote in and said i was right including senator rob portman who took my side. >> we know the egg was first. >> we don't. >> it came from a...
402
402
Jun 29, 2012
06/12
by
CNBC
tv
eye 402
favorite 0
quote 0
we could have had an energy policy for the united states to make us more energy self-sufficient. unfortunately, the administration missed that yesterday. >> although, jack, you could come back and argue that the price of oil has come down pretty drastically, down by $20 over the last few months and maybe there's not as urgent a need as there had been. >> well, i think the your jedgesy of the need is always there. we shouldn't look at the short-term price of oil to influence if you will our long-term thinking. as you know in the oil and gas business our horizons are 10, 20, 30, 40 years. >> of course. >> and the bottom line is we'll need more oil and gas into the future, now's the time to plan. when the administration issues a lease, it normally takes us four to seven years to bring that lease to production. so, now's the time to think big, think long term, create jobs as we're doing it. >> a lot of the talk around independence, energy independence, has really centered on what's been happening with the gas business lately. and the gas drilling is taking place at a lot of places on
we could have had an energy policy for the united states to make us more energy self-sufficient. unfortunately, the administration missed that yesterday. >> although, jack, you could come back and argue that the price of oil has come down pretty drastically, down by $20 over the last few months and maybe there's not as urgent a need as there had been. >> well, i think the your jedgesy of the need is always there. we shouldn't look at the short-term price of oil to influence if you...
389
389
Apr 18, 2012
04/12
by
CNBC
tv
eye 389
favorite 0
quote 0
his energy level is stel 100%. he plans to take on a course of radiation treatment. the timing of the two-month treatment by pushing it off to mid-july, it was chosen to keep from interfering with previous commitments already made. he's investigate a lot of things coming including the sun valley retreat that happens in early july. after that he wouldn't have to worry about things on the books he'd have to cancel. he wants to keep his commitments to giving pledge and other thing. he says his doctors have no qualms about delaying treatment. they said they wouldn't have minded if he pushed it off to october or later than that. in his letter he released earlier this year, he said the board has chosen his successful. he said that person does not know that they are chosen. yesterday he said there's been no change in the succession plan and that potential successor is still unaware that he is the person. >> did hee talk about why he was going to pursue radiation? one of the things i've been reading about is many people at this age, actually not at this age, many stages but
his energy level is stel 100%. he plans to take on a course of radiation treatment. the timing of the two-month treatment by pushing it off to mid-july, it was chosen to keep from interfering with previous commitments already made. he's investigate a lot of things coming including the sun valley retreat that happens in early july. after that he wouldn't have to worry about things on the books he'd have to cancel. he wants to keep his commitments to giving pledge and other thing. he says his...
291
291
Dec 6, 2012
12/12
by
CNBC
tv
eye 291
favorite 0
quote 0
i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be add that if you'relogical looking for energy independents you would keep some of the stuff here but i understand if you're looking at it from the prism of jobs this is something you want to tackle. >> we're a free trade country and part of it is you don't make a rule that says why can't regoing to say the food companies can't sell, can't export. you got to be willing to permit exports especially when as in the case here there aren't many things where the american price is a fifth of the world price. that's a huge opportunity. >> there was one line and i just want to throw it out to you that said they we
i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be...
340
340
Nov 5, 2012
11/12
by
CNBC
tv
eye 340
favorite 0
quote 1
, an energy-rich america. you can't believe, it will be bigger than the internet was, and we're only in the first inning. it's such an important thing. i mean, it's amazing to me that it doesn't just jump off the front page of everyone, not yours but other papers. >> the lifeblood of commerce, cheap energy. >> is the oxygen that makes people -- an economy breathe. the blood that makes it run. >> you look at digital and what that did for all of our commerce, you look at the internet and what this cheap computers, cheap chips. it's not murphy's law, the good law. >> moore's law. >> not murphy's law. you look at what that did for productivity. it could be that only exponential with energy. >> and if you see the innovation that's going on -- i went to the marcellus group meeting a month ago, and i saw on the floor all these inventors in there with better gadgets and better things but what did i also see there? people throwing eggs in the street at the marcellus people. it reminded me of my nuclear days when it's t
, an energy-rich america. you can't believe, it will be bigger than the internet was, and we're only in the first inning. it's such an important thing. i mean, it's amazing to me that it doesn't just jump off the front page of everyone, not yours but other papers. >> the lifeblood of commerce, cheap energy. >> is the oxygen that makes people -- an economy breathe. the blood that makes it run. >> you look at digital and what that did for all of our commerce, you look at the...
480
480
Apr 13, 2012
04/12
by
CNBC
tv
eye 480
favorite 0
quote 0
food and energy up 2 cents. these are pretty much exactly masking expectations. we look at the year-over-year headline, up 2.7. that's a bit lower than our last look but does match expectations and year over year on food-energy, it stands at 2.3 and it's a little higher than expectations. you know, these numbers aren't moving the market in a big fashion. we are coming in a bit lower in equities, down about 64. now we're down about 65 in dow futures. interest rate, ten-year hovering, one basis point above 6%. we've been here, not in recent months but we've been there. rumors about data, especially somebody the likes of china in this point in history, there's going to be rumors everywhere. but what wasn't a rumor is talk about reserve requirement ratios being altered. there is talk about that, though maybe not nationalwide for every institution. >> we had a talk earlier, rick, about 2% ten-year, goes to 2.4, goes back to 2. those do seem like volatile, huge moves that can really cost people a lot of money. is that the way to view it? 2 to 2.4 when we were at 5, 6,
food and energy up 2 cents. these are pretty much exactly masking expectations. we look at the year-over-year headline, up 2.7. that's a bit lower than our last look but does match expectations and year over year on food-energy, it stands at 2.3 and it's a little higher than expectations. you know, these numbers aren't moving the market in a big fashion. we are coming in a bit lower in equities, down about 64. now we're down about 65 in dow futures. interest rate, ten-year hovering, one basis...
282
282
Apr 5, 2012
04/12
by
CNBC
tv
eye 282
favorite 0
quote 0
well, that's, you know, the united states has the cheapest energy in the world. our oil we've already been oil that but we're 20% under brent's price and if you look at gasoline prices, we're half of what europe is. >> boone, we had mike jackson on earlier this week. one of the implications of the conversation was we might be better off with a tax that ultimately keeps the price of gas at a higher level than it is today. do you agree with that? >> that you're going to put a as it on to keep -- are you talking about gasoline or natural gas? >> excuse me? at the pump. >> are you talking about gasoline? >> at the pump. >> okay. so you want to put a tax on to keep the price up? is that what you're saying? >> yes. to get people to drive smaller cars, to drive less. maybe to get us to switch over to natural gas. i mean, there are arguments to do this. >> i don't know. i don't think you can get congress -- i'm not sure you can get congress to do anything. but to put a tax on gasoline, i understand, you know, the theory of the whole thing but we're now -- i don't know. i
well, that's, you know, the united states has the cheapest energy in the world. our oil we've already been oil that but we're 20% under brent's price and if you look at gasoline prices, we're half of what europe is. >> boone, we had mike jackson on earlier this week. one of the implications of the conversation was we might be better off with a tax that ultimately keeps the price of gas at a higher level than it is today. do you agree with that? >> that you're going to put a as it on...
245
245
Oct 4, 2012
10/12
by
CNBC
tv
eye 245
favorite 0
quote 0
first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see some
first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w....